the increased clarity on capital returns
But that's to be expected given the ever increasing ' base' of production.
The pictorial analysis shows the April 2021 ' base' of 2900 boepd [ when Blackspur was acquired] declining by 15% par annum.
Since then that base has been increased- through the sinking of 24 wells in that 2 year period- to be 4500 boepd .
Whilst this base can be expected to exhibit the same 15%+ decline profile as the commnecing ' base' it does provide ample free cash flow capacity to make distributions to shareholders.The intention- not a commitment- to pay $5m in annual distributions is modest if not miserly. For 2023-24 it is paid for from the $6m in FCF in the 2Q 2023 quarter.
Of course, the big news is the ' forthwith' message concerning Montney condensate flow data.This will be the source of the big Calima payoff.
Yes....I'll be buying CE1 forthwith.
the increased clarity on capital returnsBut that's to be...
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Last
0.9¢ |
Change
0.001(12.5%) |
Mkt cap ! $5.701M | |||
| Open | High | Low | Value | Volume |
| 0.9¢ | 1.0¢ | 0.9¢ | $120.4K | 13.19M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 4959827 | 0.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.9¢ | 2350353 | 1 |
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| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| CE1 (ASX) Chart |